The Federal Open Market Committee voted to keep the benchmark federal funds rate in a range of 4.25%-4.5%, and said it would further slow the pace at which it is reducing its balance sheet.
March 19, 2025Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Fed Stays the Course on Rates as Inflation Risks Grow
Florida Port Gains $2M State Grant to Boost Truck Traffic
As Florida continues to attract more domestic and international business, it is critical that we bolster Floridas ports for greater operations, Gov. Ron DeSantis said.
March 19, 2025Brookfield Leads Race to Acquire Colonial Pipeline
The investment firm is seen as the strongest contender after final offers were submitted the week of March 10, advancing past rival infrastructure funds and potential strategic buyers.
March 19, 2025Oil CEOs Meet With Trump as US Unwinds Environmental Rules
The chief executives of more than a dozen oil companies will deliver a message of gratitude as well as caution when they meet with President Donald Trump on March 19.
March 19, 2025Trump Approves LNG Exports From Venture Globals CP2 Project
The administration has granted Venture Global LNG conditional approval to export natural gas from a planned facility in Louisiana that had stalled under the last administration.
March 19, 2025February Medium-Duty Sales Decline 16.8% Year Over Year
U.S. retail sales of medium-duty trucks continued to trend below year-ago comparisons in February after a short-lived uptick the prior month, according to data from Wards Intelligence.
March 19, 2025Tariff Threats Spur TSMCs Taiwan Peers to Seek US Expansion
Taiwan companies including Foxconn have sprung to the vanguard of shifting manufacturing to the U.S.
March 19, 2025Volkswagen Raises $393M in Sale of Traton Truck Unit Stake
Volkswagen AG raised about $393 million through the sale of a 2.2% stake in Traton SE.
March 19, 2025Shipping Group Says Trump Port Fee Plan Will Hurt Economy
Bimco says a plan by the Trump administration to introduce fees on the use of Chinese commercial ships is likely to damage the U.S. economy.
March 19, 2025Tesla Approved to Offer Passenger Rides in California
The permit will allow Tesla initially to carry its employees on a prearranged basis in company-owned vehicles, before later transporting members of the public.
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